Post
Topic
Board Development & Technical Discussion
Re: Linking fees to fiat?
by
TheQuin
on 27/11/2017, 15:10:39 UTC
The fees are already linked to fiat in a way. It is purely driven by supply and demand. When many people consider that fees are too high they choose to delay sending a transaction or send it with a low fee and just wait longer for it to confirm. The only reason fees go as high as they do is that there are enough people willing to pay those fees. As the price of Bitcoin increases the BTC value at which people choose not to pay will decrease.